Worth reading
88Important
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
7902
Millions of yen (year-on-year increase in operating revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportEquivalent to the first quarter of the fiscal year ending March 2026 (as stated in the materials: First Quarter of Fiscal 2026)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥70,616 million+12.6%
Operating profit¥11,330 million+0.1%
Ordinary income¥11,181 million-0.4%
Net income¥7,848 million+2.6%
Results for the three months of the current quarter
Operating revenue
¥70,616 million
Operating profit
¥11,330 million
Ordinary income
¥11,181 million
Profit attributable to owners of parent for the quarter
¥7,848 million
Full-year earnings forecast
Operating revenue
¥287,500 million
Operating profit
¥40,000 million
Ordinary income
¥35,900 million
Profit attributable to owners of the parent
¥23,800 million
Investment amount
¥136,200 million
Depreciation and amortization
¥29,700 million
EBITDA
¥70,000 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating revenue was ¥400 million below the initial forecast, while operating profit has remained at a level ¥400 million above the initial forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
Transportation¥-478 million
Real Estate Business¥8,653 million
Distribution Business¥387 million
Leisure and Services Business¥1,861 million
Construction Business¥-1,348 million
Other Businesses¥227 million
Operating profit
Transportation¥-727 million
Real Estate Business¥762 million
Distribution Business¥-56 million
Leisure and Services Business¥200 million
Construction Business¥-100 million
Other Businesses¥-62 million
Adjustments¥-7 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The reactionary decline following the Osaka-Kansai Expo, the impact of deteriorating Japan-China relations, revisions to limited express fares, the opening of Building 7 at the Kita-Osaka Truck Terminal, proceeds from property sales, and increased condominium sales, among other factors. Numerical assumptions: Not disclosedNew initiatives
- Acquisition of income-producing real estate (¥43.7 billion)
- Namba-area development project (¥10.4 billion)
- Railway-related construction (¥31.8 billion)
- Community development-related construction (¥7.6 billion)
- Revision of limited express fares
- Revenue growth initiative through extended operating hours at 通天閣観光
Key KPIsA metric the company considers important as a management benchmark.
- Railway passenger revenue, total for all lines¥17,259 million-2.2%
- Railway passengers carried, total for all lines62,174 thousand customers-0.8%
- Year-on-year increase in condominium unit sales173 units
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Railway passenger revenue, total for all lines¥17,259 million-2.2%
- Railway passengers carried, total for all lines62,174 thousand customers-0.8%
- Year-on-year increase in condominium unit sales173 units
Segment results
- TransportationOperating revenue¥28,955 million (YoY -1.6%)Operating profit¥4,714 million (YoY -13.4%)
- Real Estate BusinessOperating revenue¥18,374 million (YoY +89.0%)Operating profit¥3,970 million (YoY +23.8%)
- Distribution BusinessOperating revenue¥8,042 million (YoY +5.1%)Operating profit¥1,227 million (YoY -4.4%)
- Leisure and Services BusinessOperating revenue¥12,708 million (YoY +17.2%)Operating profit¥1,075 million (YoY +22.9%)
- Construction BusinessOperating revenue¥10,045 million (YoY -11.8%)Operating profit¥463 million (YoY -17.8%)
- Other BusinessesOperating revenue¥838 million (YoY +37.3%)Operating profit¥-133 million
Financial targets
ROE
FY2026 Forecast7.0%
FY2025 Results7.8%
Net interest-bearing debt/EBITDA multiple
FY2026 Forecast7.4x
FY2025 Results6.1x
Capital expenditures
¥136,200 million including investments such as M&A and equity investments
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Equivalent to the first quarter of the fiscal year ending March 2026 (as stated in the materials: First Quarter of Fiscal 2026) |
| Net Sales | ¥70,616 million (YoY +12.6%) |
| Operating profit | ¥11,330 million (YoY +0.1%) |
| Ordinary income | ¥11,181 million (YoY -0.4%) |
| Net income | ¥7,848 million (YoY +2.6%) |
| Results for the three months of the current quarter | Operating revenue ¥70,616 million / Operating profit ¥11,330 million / Ordinary income ¥11,181 million / Profit attributable to owners of parent for the quarter ¥7,848 million |
| Full-year earnings forecast | Operating revenue ¥287,500 million / Operating profit ¥40,000 million / Ordinary income ¥35,900 million / Profit attributable to owners of the parent ¥23,800 million / Investment amount ¥136,200 million / Depreciation and amortization ¥29,700 million / EBITDA ¥70,000 million |
| Self-assessment against the plan | Operating revenue was ¥400 million below the initial forecast, while operating profit has remained at a level ¥400 million above the initial forecast |
| Segment results | Segment Transportation / Operating revenue ¥28,955 million (YoY -1.6%) / Operating profit ¥4,714 million (YoY -13.4%), Segment Real Estate Business / Operating revenue ¥18,374 million (YoY +89.0%) / Operating profit ¥3,970 million (YoY +23.8%), Segment Distribution Business / Operating revenue ¥8,042 million (YoY +5.1%) / Operating profit ¥1,227 million (YoY -4.4%), Segment Leisure and Services Business / Operating revenue ¥12,708 million (YoY +17.2%) / Operating profit ¥1,075 million (YoY +22.9%), Segment Construction Business / Operating revenue ¥10,045 million (YoY -11.8%) / Operating profit ¥463 million (YoY -17.8%), Segment Other Businesses / Operating revenue ¥838 million (YoY +37.3%) / Operating profit ¥-133 million |
| Breakdown of Factors Affecting the Change | Operating revenue Transportation ¥-478 million / Real Estate Business ¥8,653 million / Distribution Business ¥387 million / Leisure and Services Business ¥1,861 million / Construction Business ¥-1,348 million / Other Businesses ¥227 million / Operating profit Transportation ¥-727 million / Real Estate Business ¥762 million / Distribution Business ¥-56 million / Leisure and Services Business ¥200 million / Construction Business ¥-100 million / Other Businesses ¥-62 million / Adjustments ¥-7 million |
| Key KPIs | ¥17,259 million (YoY -2.2%), 62,174 thousand customers (YoY -0.8%), 173 units |
| Unit price and quantity metrics | ¥17,259 million (YoY -2.2%), 62,174 thousand customers (YoY -0.8%), 173 units |
| Assumptions Underlying the Business Outlook | The reactionary decline following the Osaka-Kansai Expo, the impact of deteriorating Japan-China relations, revisions to limited express fares, the opening of Building 7 at the Kita-Osaka Truck Terminal, proceeds from property sales, and increased condominium sales, among other factors. Numerical assumptions: Not disclosed |
| Financial targets | ROE FY2026 Forecast 7.0% / FY2025 Results 7.8% / Net interest-bearing debt/EBITDA multiple FY2026 Forecast 7.4x / FY2025 Results 6.1x |
| Capital expenditures | ¥136,200 million (including investments such as M&A and equity investments) |
| New initiatives | Acquisition of income-producing real estate (¥43.7 billion), Namba-area development project (¥10.4 billion), Railway-related construction (¥31.8 billion), Community development-related construction (¥7.6 billion), Revision of limited express fares, Revenue growth initiative through extended operating hours at 通天閣観光 |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In the real estate business, the increase was driven by factors including higher condominium unit sales. In the leisure and services business, the increase in revenue from equipment renewal and other construction work, as well as strong performance in the boat-racing facility leasing business, contributed to results. Meanwhile, the transportation business was affected by the reactionary decline following the Osaka-Kansai Expo and deteriorating Japan-China relations, while the bus business incurred higher depreciation expenses associated with vehicle renewals. Profit for the quarter attributable to owners of the parent increased despite higher interest payments and other factors, owing mainly to an increase in gains on sales of fixed assets.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.